BNY Mellon to offer regulated BTC and ETH custody in Abu Dhabi via Finstreet and ADI Foundation

Bank of New York Mellon (BNY), the world’s largest custodian bank overseeing about $59 trillion in assets under custody and administration, is preparing to offer regulated digital-asset custody services in Abu Dhabi through a partnership with local firms Finstreet and the ADI Foundation and by building infrastructure anchored in Abu Dhabi Global Market (ADGM) ^{[1] [2] [3]}.

The rollout will initially support bitcoin (BTC) and ether (ETH) custody, with plans to expand coverage to stablecoins and tokenized assets in later phases, according to the reports on the initiative ^{[2] [4] [3]}.

Observers note the move positions BNY as a major traditional custodian entering the Middle East’s regulated crypto market and reflects growing institutional interest in the region’s digital-asset infrastructure ^{[4] [1]}.

The cited reports do not specify a firm launch date, pricing, or detailed client onboarding timelines for the Abu Dhabi custody services ^{[2] [1] [4]}.